Bhiwandi because of its connectivity has become the hotbed for logistic firms.
Multiple logistics parks sprung up in this area over a period of time and there are many big logistics firms who have rented properties here.
One such rental deal took place in Bhiwandi recently when 20cube Logistics Solution rented a 5.4 lac sq ft area.
According to documents accessed by SquareFeatIndia, provided by Propstack the deal was signed for a period of 60 months.
The lease commenced on June 1, 2023, and will end on May 31, 2028.
The owner is RKJ Shakti Logistic Park, the property rented is in Shakti Logistic Park, Bhiwandi.
The monthly rent is 84.75 Lac, the security deposit is ₹2.48 crore.
The rent escalation is 4.5% every yer.
Also Read: Mahindra Logistics leases 6.53 lac Sq Ft Warehouse in Bhiwandi
